ENCASH 24 DEPOSIT ACCOUNT DECLARATION At my/our request, Axis bank Ltd.

, has opened an Encash 24 Deposit Account in my/our names for period stated therein, which is linked to my/our Savings Account, as per the Bank's Scheme. I/We undertake to abide by the rules and regulations governing the said scheme and I/We declare as under: 1. 2. 3. The Encash 24 Deposit Account shall be in units of Rs. 5,000/- each. The term deposit accounts shall be created once a week on every Monday. The linked Term Deposit shall be issued by the Bank for a minimum period of 6 months and a maximum period of 5 years, or such periods as may be decided by the Bank. I/We understand that in the eventuality of number of units in the Encash term deposits falling below 1 unit of Rs. 5,000/-, the amount lying in Encash 24 term deposits will be automatically paid or closed or uplifted before maturity and transferred to my/our Savings Account as per extant rules and regulations. These deposits will earn interest at rates specified by Reserve Bank of India as per their directives from time to time, wherever applicable, or at the rates decided by the Bank from time to time. Withdrawal of units will be automatic in the multiples of Rs. 5,000/- to meet the withdrawals/overdraft/minimum balance requirement in Savings Account on account of payment through ATM, cheque received in clearing/collection or by any other means across the counter or at my/our specific request for transfer of funds from Savings Account. The units so withdrawn shall cease to earn interest from the date of withdrawal and the interest upto the date of withdrawal, if payable shall be paid as per extant RBI's directives / Bank's policy. I/We hereby authorize the Bank that on maturity of Linked Term Deposits, the same may be renewed for the same period, unless written instructions to the contrary are received by the Bank from me/us before maturity. I/We understand that auto renewal facility shall be available provided the available aggregate units in the Encashterm deposits account are not less than 1 unit of Rs. 5,000/-. I/We understand that delinking of Encash 24 Deposit Account is permissible upon my/our specific request and such delinking shall automatically apply to all the Linked Term Deposits from the Linked Savings Account. These TDs would act as normal TDs. Simultaneously, the Linked Savings Account shall cease to be a Linked account and the extant stipulations governing the minimum balances to be maintained shall apply failing which applicable service charges will be levied. I/We understand that balances in savings account beyond which money is transferred to fixed/term deposits at a minimum of Rs. 25,000/- or as specified below. All fixed / term deposits will be made in units of Rs. 5,000 thereon. I/We understand that the Bank may alter/change/modify the minimum balance requirements in SB/TD accounts, the amount of fresh TDs that can be linked, the charges or any of the terms of the scheme by displaying the same at the notice board of the bank or may be available with the branches. l/We agree that the Bank is not obligated to specifically notify me/us in this regard.

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10. I/We authorize you to effect part withdrawal/pre-mature encashment of the deposit on the instructions of any one of us subject to extant RBI directives/Banks policy which l/We understand would entail total/partial loss of interest 11. Bank reserves the right to charge OD interest on overdrafts created for the period of existence of such overdrafts at the rates as the Bank may deem fit. SB Account No.: _____________________________ Name: _______________________________________

Amount above which Flexi/term deposit to be created: (Min threshold amount is Rs 25,000/-) Tenure of deposits: ___________________________ (Min 6 months & Max 5 years) Auto renewal for existing Flexi Linked Deposits to be changed to above mentioned revised tenure: Y Signature of Client/s: _________________________________ Date ___________________ Place_______________________ N